Newcastle Enterprises Secures $24M Refi on Castlewood Park Apts
Newcastle Enterprises Ltd. secured $24 million to refinance existing debt on its Castlewood Park Apartments at 6968 Campus Dr. in Buena Park, CA. Michael Derk and Nick Gray with Institutional Property...
View ArticleBlackstone Sells Orange Office Bldg for $33M
TA Realty acquired the City Centre I office building at 625 The City Dr. S in Orange, CA for $33 million, or about $223 per square foot, from The Blackstone Group LP. The four-story office building,...
View ArticleBill Halford, 58, Reshaped Bixby Land Co.
The chief executive of Bixby Land Co., a commercial real estate company based in Newport Beach, died on Monday. William R. "Bill" Halford was 58. Halford, a descendent of the Bixby family that founded...
View ArticleThe Abbey Company Secures $229M Refi on 27-Property Retail Portfolio
The Abbey Company, a privately-held real estate investment and management firm, secured $229.3 million in bridge financing to recapitalize its 27-property retail portfolio spread across Southern...
View ArticleNew Method Wellness Buys Gates Professional Bldg for $5.9M
New Method Wellness, Inc. purchased the office building at 61601 Avenida Los Cerritos Rd. in San Juan Capistrano, CA for $5.9 million, or about $409 per square foot, from Cerritos Land Partners LP. The...
View ArticleRetail Investment Property Trades for $5.5M
Ashdon Development, Inc. sold the leased fee interest under a Raising Cane’s property located at 23971 El Toro Rd. in Laguna Hills, CA to a private investor for almost $5.48 million. The 0.94-acre lot...
View ArticleCameron Properties Pays $9.1M for Parkview Apts
Cameron Properties, Inc. acquired the 22-unit Parkview Apartments at 6785 Knott Ave. in Buena Park, CA from Brandywine Development Corporation for $9.18 million, or about $417,273 per unit. Built in...
View ArticleSix Selected for Savills Studley Board
New York-based commercial real estate services firm Savills Studley, specializing in tenant representation, appointed six new members to its U.S. board of directors: Lisa Davidson, Ann Duncan, Doane...
View ArticleKBS Acquires City Tower Office Bldg for $147.3 Million
KBS Strategic Opportunity REIT, Inc. has acquired City Tower office building in Orange, CA, from New York City-based Torchlight Investors for $147.3 million, or $341.76 per square foot. At 20 stories,...
View ArticleCohen Joines Kidder Mathews
The Irvine, CA office of Kidder Mathews has hired Eric Cohen as a vice president. In his new role, Cohen will specialize in office and industrial investment sales across Orange County and the Western...
View ArticleVilla Terrace Apts Sell for $7M
A family trust acquired the Villa Terrace apartments at 1717-1721 N Spurgeon St. in Santa Ana, CA for $7 million, or approximately $194,000 per unit, from Meruelo Group. The 30,200-square-foot,...
View ArticleWare Malcomb Makes Moves in SoCal
International design firm Ware Malcomb has announced several moves across its Southern California offices: Lucas Corsbie has joined the firm as director, civil engineering in the firm’s Irvine, CA...
View ArticleFPA Launches Fourth Core Multifamily Investment Fund
The Mark Apartments in Carol Stream, IL FPA Multifamily LLC has launched its fourth core plus fund shooting for a fundraising target of $500 million. FPA Core Plus Fund IV has raised about $226 million...
View ArticleREIT Divests Irvine Office
A private investor acquired the Dupont Plaza office building at 2152 Dupont Dr. in Irvine, CA from O’Donnell Strategic Industrial REIT, Inc. for $5.7 million, or about $311 per square foot. The office...
View ArticleCoStar Market Insights: The Rising Tide of Rents is Forcing Many Renters Under
As the cost of living escalates in Orange County, so too does the burden on renters. While the median household income in the metro is $85,000, the median household income for renters is considerably...
View ArticlePlacentia Office Park Sells for $10.4M
Guthrie Development sold the Placentia Corporate Center office park at 701 and 711 Kimberly Ave. in Placentia, CA for $10.4 million, or approximately $143 per square foot, to a private investor. The...
View ArticleStillwater Buys Dover Shores Apts in Newport Beach
Stillwater Investment Group acquired the 18-unit Dover Shores Apartments at 1606-1674 Westcliff Dr. in Newport Beach, CA from a private investor for $8 million, or approximately $444,000 per unit. The...
View ArticleSpecial Announcement: CoStar Power Broker Award Winners Named in Orange...
The top-performing commercial real estate firms and brokers in Orange County, CA in 2017 were recognized as winners of the annual CoStar Power Broker Awards. Now in its 17th year, the awards recognize...
View ArticleOrange County Sanitation District Pays $9.8M for Fountain Valley Office Building
The Orange County Sanitation District purchased the suburban office building at 18350 Mount Langley St. in Fountain Valley, CA from K&A Investments LP, an affiliate of A&K Investment...
View ArticleCoStar Market Insights: Leasing Velocity Up in OC
As 2018 deepens, Orange County is in the midst of its most expansive multifamily supply wave this cycle. More than 4,600 units delivered in 2017 with an additional 7,500-plus units expected to be ready...
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